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The real estate market is showing mixed developments in major urban areas. Demand for condominium purchases in Ho Chi Minh City fell 14% in August, while the primary absorption rate was only around 11%, prompting secondary prices at some projects to begin adjusting. On the financial front, VPBank, SHB, Techcombank and MB had combined outstanding loans for real estate businesses of nearly VND 900 trillion, while VIB and TPBank led in growth during the first half of the year. The Ministry of Construction also proposed transferring 5% of the value of a future-formed home, corresponding to the final payment, into a secured account instead of waiting until the pink book is received as under the current practice. In Hanoi, the municipal Department of Construction proposed removing the maximum five-year validity period for buildings issued with time-limited construction permits. Regarding supply and project development, Serena Riverside in Lai Thieu Ward, Ho Chi Minh City, has been launched...

The real estate market is seeing a series of notable policy proposals and developments. The Ministry of Construction has proposed transferring 5% of the value of a future-formed home, corresponding to the final payment, into a secured account instead of waiting until the pink book is received, as is currently the case. The ministry has also proposed allocating land funds for rental housing in wards, areas oriented toward public transport development and locations near universities. In Ho Chi Minh City, authorities have approved the conversion of nearly 10,500 square meters of land for the An Phu urban area, while arranging 128 resettlement homes, land plots and apartments to support site clearance for the Ben Thanh - Can Gio railway and Ring Road 4. More than 145 hectares of land in Binh Duong Ward has also been recovered to enforce a court judgment in a land management violation case involving Binh Duong Production and Import-Export Corporation. In the project and infrastructure seg...

Vietnam’s real estate market is seeing notable developments across housing, urban projects and policy. In Ho Chi Minh City, the municipal authorities have approved the conversion of nearly 10,500 square meters of land for the An Phu urban area, which has a total project area of nearly 1.08 hectares. In Thu Thiem, the Sala urban area has opened sales of nearly 500 high-end Sarene apartments and 56 Savila sky villas after eight years, adding premium supply to the area. In southwestern Ho Chi Minh City, the growth of industrial parks is driving demand for housing, services and amenities, creating further momentum for urbanization. Meanwhile, in Bac Ninh, the Soul Center Van Trung social housing project has been launched with more than 3,200 apartments, while Vingroup’s new urban area in northwestern Bac Ninh City, with total investment of more than VND 41 trillion, is expected to break ground on September 16.

The real estate market is facing clear pressure from high interest rates and slowing purchasing power. Home loan rates commonly ranging from 12% to 14% are making buyers more cautious, while property businesses continue to increase borrowing and accept high capital costs to maintain their projects. Financial pressure is also affecting apartment owners who are considering selling to repay debt or switching to rental arrangements to generate cash flow to offset interest expenses. In the social housing segment, many eligible buyers are concerned about losing their allocation as preferential lending funds become scarce, while scheduled installment payments are approaching. On the policy front, the Ministry of Construction has proposed allocating land for rental housing in areas oriented toward public transport development and around universities. It has also removed the concept of “time-limited apartments” from the latest draft amendment to the Housing Law to avoid misunderstandings about ...

Vietnam’s real estate market is seeing notable developments across asset sales, housing policy, investment demand and infrastructure. VietinBank is offering more than 7,200 square meters of land and attached assets in the new Cau Giay urban area, with a starting price of nearly VND 540 trillion, equivalent to around VND 75 million per square meter. In the social housing segment, many approved buyers are concerned about losing their purchase opportunities as preferential lending funds have run out while scheduled payment deadlines approach. At the Con Dao social housing project, lease-to-own buyers can choose terms from five to 20 years, with after-tax prices ranging from VND 133,000 to VND 354,000 per square meter per month. On the policy front, the Ministry of Construction has removed the concept of “time-limited apartments” from the latest draft of the amended Housing Law to avoid misunderstandings about apartment ownership rights. Local authorities have also been asked to end the ...

Vietnam’s real estate market recorded notable developments in legal procedures, finance and supply. Under Decree 339, a project developer may face a fine of VND 240 million to VND 300 million for accepting contractual payments in cash. The Ministry of Agriculture and Environment has also asked provinces and cities to end the repeated return of land-related applications and strictly handle officials who cause difficulties or give preferential treatment to applications submitted through brokers. In Ho Chi Minh City, authorities have proposed five revenue streams for projects that directly benefit from planning and urban railway infrastructure under the transit-oriented development model. Meanwhile, Hanoi has allowed THT Development Co., Ltd. to sell up to 150 apartments in three towers at Starlake to foreign buyers. In terms of project development, Ho Chi Minh City has leased nearly 4.5 hectares of land at the Saigon Hi-Tech Park to Starmason until 2076 for a super-large data center co...

Vietnam’s real estate market recorded notable developments in legal procedures, finance and project implementation. The Ministry of Agriculture and Environment asked provincial and municipal authorities to end the repeated return of land dossiers and strictly handle officials who cause difficulties or favor applications submitted through brokers. In Ho Chi Minh City, the municipal government proposed five revenue sources from projects that directly benefit from planning and urban railway infrastructure in areas developed under the transit-oriented development model. However, many urban areas in the city still have vacant school land because of handover regulations dating back more than 20 years. Da Nang will continue allocating and leasing land for two urban projects near Hoi An under a special mechanism, while the Angel Island project in Dong Nai has taken another legal step after waiting for implementation for more than 20 years, following the publication of its environmental impact ...